The Central Bank of Nigeria (CBN) has confirmed that lower denomination naira notes remain legal tender, but the scarcity of such notes is primarily due to shifting consumer preferences and the increasing reliance on digital payment methods. Governor Olayemi Cardoso made this clarification during the press briefing following the 306th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. He emphasized that the reduced availability of smaller denomination currencies reflects a broader trend toward financial inclusion and digitization, rather than a deliberate withdrawal by the central bank. Cardoso addressed concerns raised by citizens and businesses regarding the limited circulation of lower value notes and coins. He reiterated that while the CBN has not issued any directive to remove these denominations from circulation, their usage has decreased because of changing payment habits. “To the extent that the Central Bank has not said otherwise, please assume they are legal tender,” he said. This statement came in response to questions about the validity of the 100 naira notes, which the CBN reaffirmed as legal tender on 8 July. The governor highlighted that the financial system is undergoing a transformation, with more Nigerians adopting electronic payment platforms and mobile money solutions. This shift, he argued, reduces the necessity for physical cash, especially in everyday transactions. “The question as to why we do not have as many of them in circulation as may be perceived is a question of demand and supply, quite frankly,” Cardoso said. He pointed out that the Payments System Vision (PSV 2028), launched recently by the CBN, aims to accelerate financial inclusion through digital infrastructure and improved access to banking services. Cardoso also acknowledged that the depreciation of the naira has diminished the purchasing power of lower denomination notes. However, he maintained that the global movement toward digitization is irreversible. “The world is moving in a particular direction, and we won’t be left out,” he said. He cited examples of Nigerian citizens using local currency cards for international transactions, including pilgrimages to Mecca, as evidence of the growing integration of digital systems. In addition to addressing the issue of currency denominations, Cardoso outlined other key developments from the MPC meeting. Nigeria’s gross external reserves have risen to $52.52 billion, offering import cover for approximately 11 months. This represents an increase from $50.47 billion recorded at the end of May 2026. The boost in reserves is attributed to tax revenues from the oil sector and foreign capital inflows. The CBN governor noted that while the oil sector’s GDP growth slowed to 2.57% in Q1 2026, recent indicators suggest a recovery, with the composite Purchasing Managers’ Index (PMI) rising to 50.1 in June. The CBN has also maintained the benchmark interest rate at 26.5%, marking the second consecutive time the rate has been retained. This decision was influenced by the ongoing geopolitical tensions in the Middle East, which have led to fluctuations in global oil prices and, consequently, inflation in Nigeria. Despite these challenges, the central bank expressed confidence in achieving its inflation target of single-digit levels by early 2027. Cardoso underscored the importance of coordinated efforts between fiscal and monetary authorities to manage inflationary pressures. “Collaboration between the fiscal and the monetary authorities at a time like this cannot be overemphasized,” he said. The CBN continues to implement measures designed to stabilize the economy and enhance financial resilience, even amid global uncertainties.
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Premium Times NigeriaNeodvisenSredinapred 3 uramiGuverner centralne banke Nigerije, Olayemi Cardoso, je pojasnil, da je pomanjkanje nižjih nairajev zaradi zmanjševanja povpraševanja javnosti, ne zaradi umika centralne banke teh bankovcev iz obtoka. Med tiskovnim sestankom po 306. zasedanju odbora za denarno politiko je poudaril, da je ta trend posledica prehoda na digitalna plačila in finančno vključenost. Ponavljal je, da nižje denominacije ostajajo zakonito plačilno sredstvo, in poudaril vizijo plačilnega sistema CBN 2028, katere cilj je spodbujanje finančne vključenosti z večjo digitalizacijo.
Ocena pristranskosti (Sredina): V članku je predstavljena razlaga guvernerja centralne banke glede upada bankovcev nižjih vrednosti, ne da bi javno kritizirala ali pohvalila politiko.
Premium Times NigeriaNeodvisenSredinapred 5 urami Nigerijske zunanje rezerve narastejo na 52,5 milijarde dolarjev, kar je dovolj za 11 mesecev uvozaNigerijske bruto zunanje rezerve so se po podatkih centralne banke Nigerije (CBN) do 17. julija 2026 povečale na 52,52 milijarde dolarjev, kar je zagotovilo uvozno kritje za približno 11 mesecev blaga in storitev. To pomeni povečanje od 50,47 milijarde dolarjev ob koncu maja 2026, kar je predvsem posledica prihodkov od davkov, povezanih s surovo nafto, in pritokov tretjih oseb. Guverner CBN Olayemi Cardoso je poudaril, da je rast BDP v naftnem sektorju v prvem četrtletju 2026 upočasnila na 2,57%, nedavni podatki pa kažejo izboljšanje gospodarske aktivnosti, sestavljeni PMI pa se je v juniju 2026 povečal na 50,1. CBN je ob stalnih geopolitičnih napetostih na Bližnjem vzhodu ohranil obrestno mero na 26,5%.
Ocena pristranskosti (Sredina): Članek predstavlja dejanske posodobitve o nigerijskih zunanjih rezervah in gospodarskih kazalnikih, ne da bi očitno zagovarjal katero koli politično ideologijo. Poroča o odločitvah CBN in gospodarskih rezultatih na podlagi uradnih podatkov, pri čemer ohranja uravnotežen ton.
Premium Times NigeriaNeodvisenSredinapred 5 urami CBN kljub globalnim šokom do leta 2027 cilja enocenkovno inflacijoCentralna banka Nigerije (CBN), ki jo vodi guverner Olayemi Cardoso, je izrazila zaupanje, da bo do začetka leta 2027 dosegla enocenkovno inflacijo kljub svetovnim izzivom, kot je ponovna pojava sovražnosti na Bližnjem vzhodu. CBN je letos drugič obdržala obrestno mero na 26,5%, kar je posledica vpliva svetovnih dvigov cen nafte, ki jih povzročajo regionalni konflikti.
Ocena pristranskosti (Sredina): Članek predstavlja uravnotežen pogled na stališče centralne banke o nadzoru inflacije, poudarja pa tako izzive, ki jih predstavljajo svetovni dogodki, kot tudi učinkovitost sedanjih denarnih politik.
Premium Times NigeriaNeodvisenSredinapred 9 urami BREAKING: CBN obdrži obrestno mero na 26,5%Centralna banka Nigerije (CBN) se je odločila, da zadrži referenčno obrestno mero pri 26,5% na svojem zadnjem sestanku Odbora za denarno politiko (MPC). To sledi prejšnjemu znižanju obrestne mere v februarju in prihaja med stalnimi inflacijskimi pritiski, na katere vplivajo geopolitične napetosti na Bližnjem vzhodu. Guverner CBN Olayemi Cardoso je pojasnil, da je bila odločitev sprejeta po oceni gospodarskih razmer, pri čemer je opozoril, da je inflacija, čeprav se je v juniju nekoliko zmanjšala, zaradi obnovljenih konfliktov v regiji še vedno povišana. MPC je tudi prilagodil asimetrični koridor za posojila okoli MPR, da bi spodbudil več posojil med bankami.
Ocena pristranskosti (Sredina): Članek predstavlja odločitve centralne banke o denarni politiki na nevtralen način, pri čemer se osredotoča na ekonomske dejavnike, ki vplivajo na odločitev, in ne na jasno ideološko stališče.
Vanguard NigeriaNeodvisenSredinapred 9 uramiCentralna banka Nigerije (CBN) se je odločila, da bo drugič zapored ohranila obrestno mero denarne politike (MPR) na 26,5%. To odločitev je sprejel Odbor za denarno politiko (MPC) na svojem 306. sestanku, guverner CBN Olayemi Cardoso pa je rezultat najavil na brifingu MPC.
Ocena pristranskosti (Sredina): Članek predstavlja dejanske informacije o odločitvi o denarni politiki, ne da bi očitno zagovarjal kakršno koli politično stališče, osredotočen pa je na tehnični vidik obrestnih mer in ne vključuje komentarjev ali poudarkov, ki bi nakazovali določeno ideološko nagnjenost.
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